From CARE
Cords Cable Industries announced that on a review of recent developments, including operational and financial performance of Cords Cable Industries during FY 14 and Q1 FY 15, CARE Rating Committee has reaffirmed "CARE BBB" rating to Long term Bank Facilities, "CARE A3" rating to Short Term Bank facilities.As per the rating rational, the ratings continue to derive strength from the experience of the promoters in the cable industry, long track record of operations of Cords Cable Industries Ltd (CCIL), established position in the control and instrumentation market with diversified and reputed clientele, stable operating margins and moderate capital structure.
Also, the ability of CCIL to achieve growth in the sales and profitability and effective execution of order book shall be the key rating sensitivities.
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